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Aon's Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources

Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday.
Aon is looking to the acquisition to create the world’s largest insurance broker ahead of Marsh & McLennan Companies Inc as the industry grapples with rising claims and new challenges from the COVID-19 pandemic and climate change.
Last Friday, the London-headquartered company submitted concessions to the European Union’s competition watchdog, which did not disclose details in line with its policy. The watchdog often requires acquiring companies to make concessions that will strengthen rivals before giving its go-ahead. ....

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Willis Towers Watson Public : Aon's EU concessions for $30 billion Willis bid may not be enough - sources

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BRUSSELS (Reuters) - Insurance broker Aon s offer to sell assets in five EU countries and takeover target Willis Towers Watson s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday.
Aon is looking to the acquisition to create the world s largest insurance broker ahead of Marsh & McLennan Companies Inc as the industry grapples with rising claims and new challenges from the COVID-19 pandemic and climate change.
Last Friday, the London-headquartered company submitted concessions to the European Union s competition watchdog, which did not disclose details in line with its policy. The watchdog often requires acquiring companies to make concessions that will strengthen rivals before giving its go-ahead. ....

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Aon's EU concessions for $30 billion Willis bid may not be enough: sources

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FILE PHOTO: FILE PHOTO: An office building with the Aon logo is seen amid the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott/File Photo/File Photo
BRUSSELS (Reuters) - Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday.
Aon is looking to the acquisition to create the world’s largest insurance broker ahead of Marsh & McLennan Companies Inc as the industry grapples with rising claims and new challenges from the COVID-19 pandemic and climate change. ....

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Aon's EU concessions for $30 billion Willis bid may not be enough: sources

Aon's EU concessions for $30 billion Willis bid may not be enough: sources
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

New South Wales , United Kingdom , Bruxelles Capitale , Mark Potter , Foo Yun Chee , Gras Savoye , Marsh Mclennan Companies Inc , European Union , European Commission , Loren Elliott , Willis Towers Watson , Mclennan Companies Inc , Willi German , Willis United Kingdom , Foo Yun , புதியது தெற்கு வேல்ஸ் , ஒன்றுபட்டது கிஂக்டம் , ப்ரூக்ஸெல்ஸ் தலைநகரம் , குறி பாடர் , ஃபூ யுன் சீ , கிராஸ் சவோய் , சதுப்பு நிலம் மக்லெந்நந் நிறுவனங்கள் இன்க் , ஐரோப்பிய தொழிற்சங்கம் , ஐரோப்பிய தரகு , லோரன் எலியட் , வில்லிஸ் கோபுரங்கள் வாட்சன் ,